A bank devoted principally to the markets for smaller,locally based deposits and loans is often referred to as a(n):

Question

Quizplus · Accepted Answer

A retail bank is focused on individual consumers and small businesses in the local area, providing services like checking and savings accounts, personal loans, and mortgages. Wholesale banks, on the other hand, deal with large corporations and institutions and provide services like commercial loans, underwriting, and treasury management. Commercial banks serve a range of customers, from individuals to large corporations, and offer a variety of services. Investment banks provide services related to securities and financial transactions, while social banks are focused on sustainable and socially responsible banking practices.

A Bank Devoted Principally to the Markets for Smaller,locally Based